Eurozone Bond Yields Edge up as Gas Prices Become a Concern
Dow Jones14:56
0656 GMT - Eurozone government bond yields open slightly higher as focus switches to elevated gas prices rather than falling oil prices. "Natural gas has also overtaken oil as the primary inflation concern for European bond traders," Danske Bank's Jesper Fjarstedt says in a note. European gas prices are near five-month highs even as the price of Brent crude oil has declined on reports of an interim framework between Iran and Oman aimed at resuming safe shipping via the Strait of Hormuz, the senior analyst says. There is no bond supply in the eurozone on Thursday. The 10-year German Bund yield is up 0.7 basis points at 3.229%, according to Tradeweb.
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